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BIG BUMP IN MASS. HOME SALES TO START 2016

 

BIG BUMP IN MASS. HOME SALES TO START 2016
With an assist from better weather than last year, homes sales in Massachusetts surged 25 percent in January as prices remained flat, according to data released Tuesday morning. The Warren Group reported the median sale price of a home in Massachusetts last month was $320,000. Condo sales were up 29 percent in January, with the median condo sale price down 3 percent to $290,875. The Massachusetts Association of Realtors reported Tuesday that January sales reached their highest level since 2004. Closed sales have been up in 12 of the last 19 months, according to the association, and median prices have been up in 17 of the last 19 months. At 14,291, the inventory of homes for sale in Massachusetts in January was down 20.4 percent compared to January 2015. "We remain in a unique time where, despite the lack of inventory of homes for sale, buyers have been successfully finding homes they want to live in and making offers that sellers are accepting," association president Annie Blatz, branch executive at Kinlin Grover Real Estate in Brewster, said in a statement. - Michael Norton/SHNS